Sales fell at Carpetright during the first quarter, prompting the retailer to review costs and spending.

CITY & CORPORATE

Carpetright Q1 sales fall

4 August 2010 | by The Retail Bulletin

Sales fell at Carpetright during the first quarter, prompting the retailer to review costs and spending.

Like for like sales in the UK and Ireland dropped 3.4% in the 13 weeks ended 31 July compared with a 1.4% increase this time last year. The decline accelerated to 4.2% in the rest of Europe from 3.1% last time.

Group sales slipped 2.5%, of which 0.6% was attributed to the closure of the company’s business in Poland.

"We remain cautious about the outlook for consumer spending for the balance of the year and as a consequence continue to manage the business by exerting tight control over all costs, capital expenditure, stock and cashflow,” said chairman and chief executive Lord Harris of Peckham.

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